Philip VI settles the bargain that allowed Urdangarin charge 2 … – The Confidential

Philip VI settles the bargain that allowed Urdangarin charge 2 … – The Confidential

Felipe VI has decided to start his reign with the implementation of a Code of Conduct to put curb the excesses that have placed the monarchy in their worst dimension popularity since the beginning of democracy. Zarzuela be submitted first to an external audit, but between measures of self promoted by the new monarch stressed the ban on members of the Royal Family make compatible its institutional work with other private activities, a bifurcation of personality which enabled Iñaki Urdangarin do business with public authorities and charge to 2.7 million per year Telefónica while presiding over ceremonial events of the State on behalf of the Crown.

The ban on working in private companies, which was announced Monday by Zarzuela, ends with these obscene relationships between the carpet and away from her. The measure in practice affect only members of the Royal Family since the coronation of Philip VI last June has been integrated only by Juan Carlos and Sofia Reyes, VI Felipe and Letizia and Infanta Leonor and Sofia . The King has decided to be the only faces with ability to officially represent the Royal Family and receive a public salary.

Urdangarin, Infanta Cristina and her sister Infanta Elena will no longer belong to the hard core Crown and therefore need not be subjected Code of Conduct with the same rigor. But the measures it has decided to implement the King have had very recent account their life trajectories.

Philip VI, during the national offering to the Apostle James in Santiago de Compostela. (Reuters)

The three form part of the wider family of the King but not hold any institutional role nor receive revenue from the State Budget. For these reasons, have a free hand to work in the private sector. But Philip VI wants prevent episodes that have placed the Crown on the ropes in recent months and got the final push to the abdication of Don Juan Carlos repeated.

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Leveraging its status as husband of the Infanta Cristina, Urdangarin created a company dedicated to organizing events as Treasury bill came to 16 million euros to various institutions and private organizations between 2002 and 2010. Managing that society Nóos Institute, has caused its complaint over and his wife for tax and money laundering offenses, and has generated a profound deterioration image of the Royal Family.

Felipe VI also wants members of the Crown use their position to obtain other economic benefits. With the new Code of Conduct also a similar contract to which Telefónica made him in 2009 to own Urdangarin, when I became his deputy in the U.S. may occur. Multinational telecommunications until 2012 paid him a salary of 1.5 million euros per year , plus another 1.2 million to help with the costs of the transfer and stay in Washington.

Urdangarin, during a conference as manager of Telefonica Internacional USA. (Reuters)

also the Infanta Cristina has always combined his responsibility as a daughter of the King with his own career and wages derived from both facets . In 2011, the first year in which budget allocations Zarzuela unveiled to members of the Royal Family, the Infanta Cristina partitioned with Queen Sofia, Infanta Elena and Princess Letizia then a total of 375,000 euros gross. That same year he joined another 200,000 euros for their position as directors of the La Caixa Foundation.

it eliminates the risk of another case Nóos

The Infanta Elena also has received approximately 200,000 USD per year since the Mapfre Foundation signed her in 2008 as director of Social and Cultural Projects, as has also collated with public revenues due to him as a member of the Royal Family.

From now on, the representation of the Crown will be incompatible with such works. In Leonor and Infanta Sofia, 8 and 7 years old respectively, the hygienic measure has no effect for now. But the Code of Conduct preclude Don Juan Carlos and Doña Sofía other activity can play professional after leaving the throne. Felipe lamina VI risk another case Nóos hit his reign at the first change and the final withdrawal of its parent is guaranteed.